EXSD.DE vs. EUNL.DE
EXSD.DE (iShares STOXX Europe Mid 200 UCITS ETF (DE)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EXSD.DE is a Europe Equities fund tracking the STOXX Europe Mid 200 Index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EXSD.DE returned 9.23%/yr vs 13.01%/yr for EUNL.DE. A 0.76 correlation means they provide meaningful diversification when combined. EXSD.DE charges 0.21%/yr vs 0.20%/yr for EUNL.DE.
Performance
EXSD.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EXSD.DE having a 12.15% return and EUNL.DE slightly higher at 12.51%. Over the past 10 years, EXSD.DE has underperformed EUNL.DE with an annualized return of 9.23%, while EUNL.DE has yielded a comparatively higher 13.01% annualized return.
EXSD.DE
- 1D
- 0.64%
- 1M
- 4.72%
- 6M
- 11.00%
- YTD
- 12.15%
- 1Y
- 19.01%
- 3Y*
- 14.97%
- 5Y*
- 6.68%
- 10Y*
- 9.23%
EUNL.DE
- 1D
- 0.37%
- 1M
- 1.51%
- 6M
- 12.63%
- YTD
- 12.51%
- 1Y
- 24.23%
- 3Y*
- 17.52%
- 5Y*
- 12.27%
- 10Y*
- 13.01%
EXSD.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSD.DE iShares STOXX Europe Mid 200 UCITS ETF (DE) | 12.15% | 20.71% | 5.80% | 15.08% | -18.91% | 18.43% | 0.93% | 29.02% | -11.97% | 16.29% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 12.51% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 31.35% | -5.13% | 7.71% |
Correlation
The correlation between EXSD.DE and EUNL.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.76 |
Over the past year, the correlation between EXSD.DE and EUNL.DE has dropped to 0.52 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
EXSD.DE vs. EUNL.DE — Risk / Return Rank
EXSD.DE
EUNL.DE
EXSD.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe Mid 200 UCITS ETF (DE) (EXSD.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EXSD.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.88 | -1.73 |
| Martin ratioReturn relative to average drawdown | 7.63 | 15.65 | -8.02 |
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Drawdowns
EXSD.DE vs. EUNL.DE - Drawdown Comparison
The maximum EXSD.DE drawdown since its inception was -61.46%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EXSD.DE and EUNL.DE.
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Drawdown Indicators
| EXSD.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.46% | -33.63% | -27.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -6.22% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -21.73% | +7.34% |
Max Drawdown (5Y)Largest decline over 5 years | -30.21% | -21.73% | -8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -33.63% | -5.53% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -4.21% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.54% | +0.95% |
Volatility
EXSD.DE vs. EUNL.DE - Volatility Comparison
iShares STOXX Europe Mid 200 UCITS ETF (DE) (EXSD.DE) has a higher volatility of 3.57% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 3.21%. This indicates that EXSD.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXSD.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.21% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 7.97% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 11.33% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 14.19% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 15.11% | +1.59% |
EXSD.DE vs. EUNL.DE - Expense Ratio Comparison
EXSD.DE has a 0.21% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EXSD.DE vs. EUNL.DE - Dividend Comparison
EXSD.DE's dividend yield for the trailing twelve months is around 2.71%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXSD.DE iShares STOXX Europe Mid 200 UCITS ETF (DE) | 2.71% | 3.08% | 3.23% | 2.71% | 3.06% | 2.12% | 1.54% | 2.85% | 3.02% | 3.28% | 3.16% | 2.64% |
Frequently Asked Questions
EXSD.DE and EUNL.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.21% for EXSD.DE.
EXSD.DE is categorized as Europe Equities, while EUNL.DE is Global Equities. EXSD.DE tracks STOXX Europe Mid 200 Index, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.21% for EXSD.DE and 0.20% for EUNL.DE.
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